INSEAD Day 4 - 728x90

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Egypt again delays opening of massive new museum, citing regional tensions

The copper statue of the ancient Egyptian king Pepi I (24th-23rd centuries BC), with inlaid eyes of limestone and obsidian, is displayed at the Egyptian Museum in Cairo's central Tahrir Square on June 11, 2025. AFP
  • The museum spans 50 hectares, the GEM is twice the size of both Paris's Louvre and New York's Metropolitan, and two-and-a-half times that of the British Museum
  • Egyptian Prime Minister Mostafa Madbouly said during a press conference on Saturday that the grand opening would be delayed until the last quarter of this year

Cairo, EgyptEgyptian authorities announced on Saturday that the long-awaited inauguration of the Grand Egyptian Museum (GEM) would once again be delayed as a result of escalating regional tensions.

“In view of the ongoing regional developments, it was decided to postpone the official inauguration of the Grand Egyptian Museum, which was scheduled for July 3,” the tourism and antiquities ministry said in a statement.

The opening of the massive, ultra-modern museum situated near the Giza Pyramids has been repeatedly delayed over the years due to political instability, the Covid pandemic and other reasons.

Spanning 50 hectares (120 acres), the GEM is twice the size of both Paris’s Louvre and New York’s Metropolitan, and two-and-a-half times that of the British Museum, according to its director.

Egyptian Prime Minister Mostafa Madbouly said during a press conference on Saturday that the grand opening would be delayed until the last quarter of this year.

In view of current events, “we believed it would be appropriate to delay this big event so that it can maintain the appropriate global momentum”, he added.

Egyptian President Abdel Fattah al-Sisi has previously described the GEM as “the largest archaeological museum in the world dedicated to one civilisation”.

World leaders and statesmen, including former US president Joe Biden and Spain’s King Felipe VI, were invited to attend the July inauguration.

The latest delay comes as Iran and Israel are engaged in the most intense exchange of fire in their history, sparking growing fears that the Middle East could be on the verge of a broader conflict.